More impatience and down ramping on hot copper. It's been 2 weeks since the high happened. I remember a while back, around 2 years ago people were saying "Management don't know what they're doing, they have no idea about the lithium market. Petrol cars will still be the future for another 10 years," about Pilbara Minerals and look what happened. As a guy that earns 80k a year in investment banking, my superiors famously told me, "You have to invest in where the future is going not where we are in the present."
There is a new thread every week about this stock, companies and management take time to actually do things. It doesn't take a day for an investment bank to gather all the research, it takes weeks of consulting and asking around for opinions, statistics, doing technical analysis, financial analysis before the final decision is reached. I agree the marketing and management could be a little bit more organised but they have had a lot on their plate dealing with the acquisition of MCL and dealing with hemp, bauxite.
I'm confident the Feldman's and Kivaslisas's are working extremely hard behind the scenes to get this up and running and remember there isn't much staff to work on these things (eg. websites) because a single cent hasn't even been made. Once the profits roll in then there is more information to work with and forecast how many staff are needed. People here on hot copper don't even know that management are probably working behind the scenes to ensure a wholesale deal because people here don't know that there's more money in the wholesale market than retail. I wouldn't even care if they don't retail a single grain of hemp seed if they've sold it all to Woolies or Coles (or even a Chinese company).
Hopefully, hot copper users listen to my sound advice instead of having anger issues and writing useless garbage on this forum.
Cpion
QBL Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held